Don’t believe me? Check out this article. “Wait!” you say. “That sounds like good news.”
Here’s the part that proves my point:
The dollar was mostly lower against other major currencies, while gold prices rose.
That means your dollar now buys less than it did yesterday. How is that different from the government just taking a portion of your dollar and calling it a tax?
So, is it nice that the DJIA rose almost 400 points? On the surface. The problem is as the government continues to stabilize banks and claim it’s not costing the American people anything, our dollar continues to fall. That 3-5% raise you hope for at the end of the year–it probably won’t even cover inflation. The government continues to lie to the American people and continues to inflate our dollar to pay for things they should not be doing.
I need to go–I hear black helicopters.
The bigger problem is that even if explained to the public, many would not understand it. Even after the bank bailout, now more people are saying “don’t bailout Detroit”, but when I get into a conversation, most can’t really say why? Mention “legacy contracts” and their eyes roll.
Funny thing is, I keep hearing about SUVs, but in actuallity, they made Detroit a good amount of money. The problem is they were making too many, and never thought that maybe something could occur to make those sales dry up.